SBA Communications Corporation SBAC SPX
Company Overview
SBA Communications Corporation is a leading independent owner and operator of wireless communications infrastructure. It includes towers, buildings, rooftops, distributed antenna systems (DAS) and small cells. With a portfolio of more than 46,000 communications sites throughout the Americas and in Africa, SBA is listed on NASDAQ under the symbol SBAC. Our organization is part of the S&P 500 and one of the top Real Estate Investment Trusts (REITs) by market capitalization. SBA Communications Corporation was incorporated in 1989 and is based in Boca Raton, Florida.
Why Investors Should Care
Return on capital employed stands at 15.1%.
Net profit has compounded at 112.9% per year over the last five years.
Trades at a P/E of 19.7, below the sector median of 27.4.
Maintains a net profit margin of 35.7%.
Offers a dividend yield of 2.44%.
Recent Developments
- Dec 2025 Revenue of $244.50M (+59.9% YoY); net profit $1.05B.
- Trailing 12 Months Year-on-year growth — revenue +5.9%, earnings -14.7%.
- 5-Year Trend Long-term compounding — revenue CAGR -3.8%, profit CAGR 112.9%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | -3.83% |
| 1 Year: | 5.90% |
Compounded Profit Growth
| 5 Years: | 112.87% |
| 1 Year: | -14.70% |
Stock Price Performance
| 1 Year: | -17.51% |
| 6 Months: | +4.67% |
| 3 Months: | -14.47% |
| 1 Month: | -8.05% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
- Price vs 50-DMABelow
- Price vs 200-DMABelow
- RSI (14)47.28 · Neutral
P/E of 19.71 is below the sector median of 27.36 — relatively cheaper than peers.
Auto-generated from price history and fundamentals; not investment advice.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Excellent profit margin of 35.7%.
- Profit CAGR of 112.9% over 5 years.
- In a confirmed uptrend (50-DMA above 200-DMA).
CONS
- Revenue declined at -3.8% CAGR over 5 years.
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Real Estate).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | SBAC SBA Communications Corporation SPX | 187.25 | 19.71 | $19.86B | 2.44% | 15.09% | -21.71% | -3.83% | 112.87% |
| 2 | WELL Welltower Inc. SPX | 236.00 | 113.46 | $166.60B | 1.25% | 0.26% | 3.67% | 22.69% | 87.90% |
| 3 | PLD Prologis, Inc. SPX | 142.49 | 35.71 | $132.85B | 2.88% | - | 6.84% | 14.83% | 36.55% |
| 4 | EQIX Equinix, Inc. SPX | 1,023.54 | 70.74 | $100.95B | 1.87% | 5.10% | 10.06% | 16.33% | 16.02% |
| 5 | AMT American Tower Corporation SPX | 168.83 | 27.23 | $78.66B | 3.73% | 7.82% | 29.95% | 3.34% | 12.73% |
| 6 | SPG Simon Property Group, Inc. SPX | 221.28 | 15.38 | $71.76B | 4.02% | - | 113.59% | 3.14% | 14.02% |
| 7 | DLR Digital Realty Trust, Inc. SPX | 173.11 | 45.80 | $60.83B | 2.65% | - | 5.69% | 15.18% | 18.41% |
| 8 | O Realty Income Corporation SPX | 63.77 | 52.27 | $59.47B | 5.18% | - | 2.83% | 24.73% | 13.04% |
| 9 | PSA Public Storage SPX | 318.93 | 32.95 | $55.99B | 3.68% | - | 20.18% | 5.67% | 7.85% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in USD.
| Metric | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | 27.76M | 26.44M | 31.96M | - | 41.11M | 41.14M | 38.98M | - | 24.71M | 24.82M | 36.17M | - | 43.64M | 51.43M | 53.81M | - | 60.34M | 71.77M | 88.28M | - | 58.25M | 52.36M | 45.10M | - | 29.59M | 34.02M | 41.90M | - | 48.04M | 67.19M | 75.90M | - | 47.29M |
| Gross Profit | 298.96M | 305.85M | - | 312.39M | 317.95M | 322.48M | - | 342.96M | 341.91M | 350.48M | - | 369.48M | 375.70M | 384.04M | - | 401.55M | 395.72M | 401.42M | - | 418.96M | 439.77M | 449.28M | - | 466.84M | 485.99M | 498.03M | - | 511.21M | 524.25M | 532.77M | - | 519.87M | 519.21M | 517.26M | - | 510.58M | 526.88M | 542.54M | - | 532.10M |
| Operating Income | 74.07M | 108.21M | 107.43M | 107.82M | 114.59M | 117.01M | 119.08M | 129.97M | 125.87M | 138.01M | 150.32M | 139.27M | 136.45M | 153.85M | 153.92M | 151.20M | 157.05M | 160.34M | 165.10M | 173.58M | 199.76M | 211.78M | 197.38M | 216.78M | 230.98M | 242.99M | 234.66M | 224.14M | 241.23M | 248.60M | 209.69M | 323.36M | 354.47M | 375.60M | 382.34M | 334.91M | 334.78M | 374.17M | 298.93M | 342.85M |
| Net Income | 32.71M | -15.37M | 5.26M | 37.60M | 9.23M | 49.16M | 7.66M | 31.55M | -57.39M | 16.14M | 57.15M | 25.99M | 31.97M | 21.68M | 67.35M | -127.06M | 22.81M | 22.57M | 105.78M | -11.74M | 152.67M | 47.80M | 48.90M | 188.62M | 69.52M | 100.01M | 103.28M | 101.22M | 203.65M | 87.42M | 109.53M | 154.54M | 162.83M | 258.53M | 173.63M | 220.73M | 225.79M | 236.82M | 370.29M | 184.83M |
| Diluted EPS | 0.26 | -0.12 | 0.04 | 0.31 | 0.08 | 0.41 | 0.06 | 0.27 | -0.50 | 0.14 | 0.50 | 0.23 | 0.28 | 0.19 | 0.59 | -1.14 | 0.20 | 0.20 | 0.94 | -0.11 | 1.37 | 0.43 | 0.44 | 1.72 | 0.64 | 0.91 | 0.94 | 0.93 | 1.87 | 0.80 | 1.01 | 1.42 | 1.51 | 2.40 | 1.61 | 2.04 | 2.09 | 2.20 | 3.47 | 1.74 |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 474.95M | 555.51M | 626.62M | 698.17M | 954.08M | 1.30B | 1.53B | 1.64B | 1.63B | 104.50M | 125.26M | 153.79M | 128.67M | 204.75M | 296.88M | 194.65M | 152.87M | 244.50M |
| Gross Profit | - | - | - | - | 674.58M | 896.61M | 1.10B | 1.19B | 1.21B | 1.28B | 1.40B | 1.52B | 1.61B | 1.76B | 1.96B | 2.10B | 2.10B | 2.12B |
| Operating Income | 45.58M | 54.95M | 74.27M | 110.66M | 147.15M | 229.65M | 336.52M | 312.46M | 387.31M | 458.50M | 544.17M | 583.49M | 633.69M | 782.50M | 925.41M | 923.66M | 1.44B | 1.34B |
| Net Income | -67.16M | -140.87M | -194.67M | -126.46M | -181.04M | -55.91M | -24.30M | -175.66M | 76.24M | 103.65M | 47.45M | 146.99M | 24.10M | 237.62M | 461.43M | 501.81M | 749.54M | 1.05B |
| Diluted EPS | - | - | - | - | - | - | -0.19 | -1.37 | 0.61 | 0.86 | 0.41 | 1.28 | 0.21 | 2.14 | 4.22 | 4.61 | 6.94 | 9.80 |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2007 | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | - | - | 3.31B | 3.40B | 3.61B | 6.62B | 6.78B | 7.84B | 7.31B | 7.36B | 7.32B | 7.21B | 9.76B | 9.16B | 9.80B | 10.59B | 10.18B | 11.42B | 11.58B |
| Total Equity | 396.36M | 650.51M | 599.95M | 317.11M | -11.31M | 652.99M | 356.97M | -660.80M | -1.71B | -2.00B | -2.60B | -3.38B | -3.67B | -4.82B | -5.28B | -5.28B | -5.17B | -5.11B | -4.85B |
| Cash & Equivalents | 70.27M | 78.86M | 161.32M | 64.25M | 47.32M | 233.10M | 122.11M | 39.44M | 118.04M | 146.11M | 68.78M | 143.44M | 108.31M | 308.56M | 367.28M | 143.71M | 208.55M | 189.84M | 264.57M |
| Long Term Debt | - | - | 2.46B | 2.83B | 3.35B | 4.88B | 5.39B | 7.83B | 8.43B | 8.15B | 9.29B | 9.00B | 9.81B | 11.07B | 12.28B | 12.84B | 11.68B | 12.40B | 10.96B |
| Current Liabilities | - | - | 158.72M | 130.58M | 126.88M | 863.69M | 747.67M | 331.05M | 273.37M | 873.45M | 278.90M | 1.21B | 1.05B | 614.80M | 616.33M | 696.76M | 1.36B | 1.80B | 2.68B |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 173.70M | 222.57M | 201.14M | 249.06M | 340.91M | 497.59M | - | 723.03M | 742.52M | 818.47M | 850.62M | 970.04M | 1.13B | 1.19B | 1.29B | 1.54B | 1.33B | 1.29B |
| Investing Cash Flow | -580.55M | -229.07M | -425.04M | -507.89M | -2.28B | -826.52M | - | -737.07M | -428.24M | -605.11M | -618.35M | -947.16M | -446.37M | -1.42B | -1.39B | -468.25M | -809.31M | -601.83M |
| Financing Cash Flow | 415.44M | 88.98M | 126.82M | 242.05M | 2.12B | 220.16M | - | 75.75M | -288.56M | -294.57M | -148.54M | -62.31M | -469.02M | 339.26M | -135.47M | -1.02B | 645.74M | -1.66B |
| Capital Expenditure | -36.17M | -46.74M | -66.62M | -126.94M | -113.27M | -168.89M | -211.25M | -208.71M | -139.98M | -147.04M | -149.81M | -154.24M | -128.57M | -133.69M | -214.44M | -236.70M | -228.15M | -224.82M |
| Free Cash Flow | 137.53M | 175.83M | 134.52M | 122.12M | 227.65M | 328.69M | - | 514.32M | 602.54M | 671.43M | 700.81M | 815.81M | 997.47M | 1.06B | 1.07B | 1.31B | 1.11B | 1.07B |
| Share Buybacks | 120.00M | 51.72M | 107.43M | 225.07M | - | - | - | 450.07M | 545.69M | 854.53M | 795.58M | 466.98M | 859.34M | 582.58M | 431.67M | 100.01M | 200.02M | 497.81M |
| Dividends Paid | - | - | - | - | - | - | - | - | - | - | - | 83.39M | 207.69M | 253.58M | 306.77M | 369.96M | 424.19M | 479.01M |
Ratios (Annual)
Figures in %.
| Metric | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | 70.7% | 68.7% | 71.9% | 72.9% | 74.2% | 1,226.2% | 1,115.2% | 989.4% | 1,248.7% | 861.2% | 661.8% | 1,078.3% | 1,372.4% | 868.8% |
| Operating Margin % | 9.6% | 9.9% | 11.9% | 15.8% | 15.4% | 17.6% | 22.0% | 19.1% | 23.7% | 438.8% | 434.4% | 379.4% | 492.5% | 382.2% | 311.7% | 474.5% | 939.2% | 549.2% |
| Net Margin % | -14.1% | -25.4% | -31.1% | -18.1% | -19.0% | -4.3% | -1.6% | -10.7% | 4.7% | 99.2% | 37.9% | 95.6% | 18.7% | 116.1% | 155.4% | 257.8% | 490.3% | 430.9% |
| ROE % | -10.3% | -23.5% | -61.4% | 1,117.8% | -27.7% | -15.7% | 3.7% | 10.3% | -3.8% | -4.0% | -1.4% | -4.0% | -0.5% | -4.5% | -8.7% | -9.7% | -14.7% | -21.7% |
| ROCE % | - | 1.7% | 2.3% | 3.2% | 2.6% | 3.8% | 4.5% | 4.4% | 6.0% | 6.5% | 9.1% | 6.7% | 7.4% | 8.5% | 9.4% | 10.5% | 14.9% | 15.1% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Dodge & Cox Inc. | 11.39% | 12.08M | $2.19B |
| 2 | Blackrock Inc. | 9.54% | 10.12M | $1.84B |
| 3 | Vanguard Portfolio Management LLC | 9.15% | 9.71M | $1.76B |
| 4 | Vanguard Capital Management LLC | 6.53% | 6.92M | $1.26B |
| 5 | State Street Corporation | 4.68% | 4.96M | $900.08M |
| 6 | JPMORGAN CHASE & CO | 3.69% | 3.91M | $709.87M |
| 7 | Geode Capital Management, LLC | 2.97% | 3.15M | $571.36M |
| 8 | Cohen & Steers Inc. | 2.95% | 3.13M | $568.40M |
| 9 | Invesco Ltd. | 1.85% | 1.96M | $356.28M |
| 10 | Diamond Hill Capital Management Inc | 1.82% | 1.93M | $350.93M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for SBAC
Why Is SBAC Stock Rallying Today? - Stocktwits
<a href="https://news.google.com/rss/articles/CBMinAFBVV95cUxOYVdwbkwydjgxSnVaX2RxTjBMMzhNMDdobGp4UkE2dVdudzROYkZiNmRIOGFucldBbWllQ2dYdHMwdGs1bEVxQ2RFREJhenhTVGF1MURLUkx4enlYajVaREROV2JMaG9tNUltUjhWX1NHTHRzcU9XVlhhckl5UlFLUVJ0X3o0UHcydlNMT2…
SBA Communications Earnings Preview: What to Expect - Yahoo Finance
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Sumitomo Mitsui Trust Group Inc. Has $34.79 Million Holdings in SBA Communications Corporation $SBAC - MarketBeat
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S&P 500 Movers | Winners: META, WY, SBAC | Losers: MRNA, CRWD, DDOG - Trefis
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SBA Communications Rises With Tower REIT Peers as No Clear Company-Specific Catalyst Emerges - Quiver Quantitative
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SBA Communications (NASDAQ: SBAC) to issue new senior notes and expand credit - Stock Titan
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SBAC — Frequently Asked Questions
What is the current share price of SBA Communications Corporation (SBAC)?
As of 2026-07-14 21:23 PDT, SBA Communications Corporation (SBAC) trades at $187.25 on NasdaqGS. Its 52-week range is $164.16 to $233.84.
What is the market capitalisation of SBAC?
SBA Communications Corporation (SBAC) has a market capitalisation of $19.86B on NasdaqGS.
What is the P/E ratio of SBAC?
SBAC trades at a trailing price-to-earnings (P/E) ratio of 19.71. The industry average P/E is 27.36. Its price-to-book (P/B) ratio is -4.57.
Does SBAC pay a dividend?
SBA Communications Corporation (SBAC) currently offers a dividend yield of 2.44%.
What is the return on equity (ROE) of SBAC?
SBAC has a return on equity (ROE) of -21.71%. Its return on capital employed (ROCE) is 15.09%.
Is SBAC a good stock to buy?
This page provides a data-driven analysis of SBA Communications Corporation (SBAC), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.